Rayonier Inc. (NYSE:RYN) – Equities researchers at DA Davidson raised their Q1 2018 earnings estimates for Rayonier in a report released on Friday. DA Davidson analyst S. Chercover now expects that the real estate investment trust will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15. DA Davidson also issued estimates for Rayonier’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $0.74 EPS.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 price objective on shares of Rayonier in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Monday, November 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Rayonier currently has an average rating of “Buy” and a consensus target price of $32.00.

Rayonier (RYN) opened at $31.50 on Monday. The stock has a market cap of $4,061.36, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 11.61 and a beta of 0.38. Rayonier has a fifty-two week low of $26.84 and a fifty-two week high of $33.65. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.60.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. The business had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $165.73 million. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share.

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in Rayonier by 22.0% during the second quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 642 shares during the period. Acadian Asset Management LLC acquired a new stake in Rayonier during the fourth quarter valued at $168,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Rayonier by 46.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,229 shares during the period. Gamble Jones Investment Counsel acquired a new stake in Rayonier during the fourth quarter valued at $237,000. Finally, Parametrica Management Ltd acquired a new stake in Rayonier during the fourth quarter valued at $252,000. Institutional investors own 83.53% of the company’s stock.

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Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

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